Charity registration number- 104612 Vineyard Church Dungannon Annual Report and Financial Statements for the Year Ended J l December 2024 Thomas Oliver and Associates Limited Certified Public Accountant l Moygashel Mills Park Dunganiion Co Tyrone BT717DH
Vineyard Church Dungannon Contents (continued) Reference and Administrative Details Trustees, Report 2to4 Statement of Trustees, Responsibilities Independent Examinevs Report 6t07 Statement of Financial Activities Balance Sheet Notes to the Financial Statements Ioto 16
Vineyard Church Dungannon Reference and Administrative Details Trustees Mr Andrew Masters Mr Jonathan Birnie Mr Thomas Bailey Paula Kelly David Moore Keith Wanvick 104612 Charity Registration Number Principal Offite 4 Church Lane Dunganiion Co Tyrone BT716AA Thomas Oliver and Associates Limited Certified Public Accountant Moygashel Mills Park Dungannon Co Tyrone BT717DH Independent Examiner Page I
Vineyard Church Dungannon Trustees, Report The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2024. Objectives and gctivities Public benefit Through weekly Sunday community ¢elebrations family stability and well being are achieved. The food bank provides relief for those in need. Support and advance education is provided to children through a servi¢e on Sunday and youth club. The significant giving provides us with the opportunity to provide assistance to the foodbank, refugee crisis and to India. The trustees confirm that they have Complied wilh the requirements of the Charities Acl (Northern Ireland) 2008 to have due regard to the public benefit guidance published by the Charity Commission for Northern Ireland. As tnJste¢s, our primary responsibility is for the sound financial and legal management of the church, creating the foundation from which th¢ ministries of the church can function From the trustees 2024 has been a year of change for Vineyard Churcli Dungannon. Our Pastors Jason and Michelle stepped down at the end of January, and the church was led for a time by the Senior Leadership Team, with the trustees continuing in their oversight role, ensuring legal compliance. Despite the challenges. the church Gontinued to function and to deliver against its stated aims. A third round of recruitment was initiated in May 2024, with interviews taking place in June. This round of recruilmenl was successful, with Tom Finnegan being appointed to the role of Pastor. Tom was not initially appointed as Senior Pastor a5 his prior experience was not within the Vineyard Church movement. An 18-month progression towards Senior Pastor was agreed, conditional on Tom completing a range of development programmes and proving to be a good fit for VCD. Under this agreement, both the trustees of VCD and th¢ leaders of the Vineyard Chur¢hes in Ireland have to be in atsreement tliat Tom is suitable and qualified to be a Senior Vineyard Pastor. Tom started his role on I st August 2024. and is CrntIY progressing along the development plan which was agreed with him. Com assion at the Vine In 2024 we continued to see strong demand at Dungannon Foodbank, with over 5709 individuals receiving support. includiii food and household items. The foodbank operated using the equivalent of 441 volunteer days. It distsibuted food and household essentials to an estimaled retail value of £203.982. ard Page 2
Vineyard Church Dungannon Trustees, Report (continued) Refu ee's minist 2024 saw the first phy5icaI visit back to France since the Covid outbreak with around 2 tonnes of clothin(F and camping aid taken out to the Care4Calais warehouse and £120 spent making tea and coffee for refugees over a long weekend. It was helpful to meet and talk to refugees there instead of just sendino palletised llid. Ouhv rd fo sand ervin In June we gathered volunteers to Give a Day to Dungannon, with 58 people of all ages serving the town in practical ways including sign cleaning, litter picking, painting and maintenance at local facilitie5. In August we gathered 40 people of all ages for 'CRASH', a weekend of outreach, including sign cleaning. litter picking. giveaways and healing on the streets. In October the church held a 'Light Party, which invited people from our community and their kids to the church to enage in a range of family-friendly activities including making slime, jar-lanterns and other crafts which 26 adults and children attended. Outward Focussed Christmas Outward Focussed Christmas 2024 was another busy Christmas distributing luxury hampers to our loe31 community. Along with our weekly foodbank service, we put together 260 hampers to give to those in necd, tlirough referrals from our local partners. Sure Start,. STEP,. Women's Aid Causeway & Mid-Ulst¢r- Family Intervention Team. First Step Women's Centre. PSNI; and De Paul Hostel. In December we provided a number of Christmas meals for foodbank guests on our premises. Structurey governance and manxgement Financial in$truments Objectives ondpoli¢ie5 The charity's activities expose it to a number of financial risks includin(y credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the cliarity's policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes. Page 3
Vineyard Church Dungannon Trustees, Report (continued) Credit risk The charity'5 prin¢ipal financial assets are bank b21ances and cash, The credit risk on liquid fijnds is limited d The charity has no significant concentration of credit risk, Liquidity risk Ir] order lo maintain liquidity to ensure that Sufficient fiinds are available for ongoing operations and future developments, the charity uses a mixture of long-temi and 5hort-tern] debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policie5 in the financial statements. The annual report was approved by the trustees of the charity on 16 October 2025 and signed on its behalf by.. nathan Birnie ee Page 4
Vineyard Church Dungannon Statement of Trustees, Responsibllities The trustees are responsible for preparing the tnistees, report and the firkancial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resouwes of the charity for that period. In preparino these financial statements, Ihe trustees are required to.. select suitable accounting policies and then apply them consistently. observe the method5 and principles in the Charitie5 SORP- make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards have been followed, subj¢¢t to any material departures disclosed and explained in the financial statements. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are a150 responsible for safeguardintr the assets of the charity and hence for taking reasonable Steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the Corporate and financial inforniation included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Approved by the trustees of the charity on 16 October 2025 and signed on its behalf by.. Jonathan Birnie rustee Page 5
Vineyard Church Dungannon Independent Examiner's Report to the trustees of Vineyard Church Dungannon I report to the trustees on my examination of the accounts of Vineyard Church Dungannon for the year ended J I December 2024. Responsibilities and basis of report As Ihe charity's trnstees of Vineyard Church Dungannon you are responsible for the preparation of the accounts in aecordance with the requirements of the Charities Act (Northern Ireland) 2008. It is my responsibility to examine the accounts under sertion 65 of the Charities Act follow the proc¢dures laid down in the general Directions given by the Commission under sectio¥J 65(9)(b) of the Charities Act state whether particular matters have come to my attention Basis of independent examiner's report I have examined your charity a¢¢ounts as required under section 65 of the Charities Act and my examination was ca1¢d out in accordance with th¢ general directions given by the Charitie5 Commission for Northern Ireland under section 65 (9)(b) of the Charities Act. My examination included the review of lh¢ accounting re¢ords kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity lThstees concerning any such rnatters. My role is to state whether any material matters have come to my attenlions giving me cause to believe=. l That accounting records were not kept in accordance with se¢tion 63 of the Charities Act 2 That the accounts do not accord ivith those accounting record5 3 That the accounts do not comply with the accounting requirements of the Charities Act 4 That there is further infomiation needed for a proper understanding of the accounts to be reached. Page 6
Vineyard Church Dungannon Independent Examiner's Report to the trustees of Vineyard Church Dungannon (continued) Independent examiner's statement I have completed my examination and have no concerns in respect of the matters (l) to (4) listed above and. in connection with the following Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Thomas Oliver and Associates Limited Certified Public Accountant l Moygashel Mills Park Dungannon Co Tyrone BT717DH 16 October 2025 Page 7
Vineyard Church Dungannon Statement of Financial Activities for the Year Ended 31 December 2024 Unrestricted funds Restricted funds Total 2024 Note Income and Endowments from: Donations and legacies Total income 94,101 163,437 94,101 163,437 Expenditure on: Other expenditure {85,807) (53,J65) (lJ9,172) Total expendittire Net income Gross transfers between funds {85,807) {53,J65) (lJ9,172) 8,294 7,399 15,971 {7,399) 24,265 Net movement in funds 15,693 ,572 24,265 Reconciliation of funds Total ndS brought fonvard Total funds carried forward 79,533 131,898 211,4Jl 12 95,226 140,470 Restricted funds 235,696 Total 2023 Unrestricted funds Note Ineome and Endowments from: Donations and legacies Total income 110.4JO 118,416 228.846 110.4JO 118,416 228.846 Exp¢nditure on.. Other expenditure Total expenditure Net income (102,787) (88,332} (191,119) (102,787) (88,332) {191,119) 7,643 30,084 37.727 Net movement in funds 7.643 30,084 37.727 Reconciliation of funds Total funds brought forward Total funds carried forward 71,890 101.814 173,704 12 79,533 131,898 211,4Jl All of the charity's activities derive from eontinuing operalions during the above two periods. The funds breakdown for 2023 15 shown in note 12. The notes on pages l O to 16 forni an integral part of these financial statements. Page 8
Vineyard Church Dungannon (Registration number: 104612) Balance Sheet as at 31 December 2024 2024 2023 Note Fixed assets Tangible assets 1,569 Current assets Debtors Cash at bank and in hand 6,122 229,214 15.429 200,648 10 235,336 216.077 Creditors: Amounts falling due within one year Iyet current xssets (1.209) (4,646} 2J4,127 211,431 Nel assets 235,696 211.4Jl Funds of the charity: Restrieted income funds Restricted fund5 140,470 131,898 Unrestricted income funds Unrestricted ndS 95.226 Total funds 12 235,696 211,431 The financial statements on pages 8 to 16 were approved by the trustees. and authorised for issue on 16 O¢tober 2025 and signed on their bel)alf by.. onathan Bimie stee The notes on pages l O to 16 forn) aJ] inteural part of these financial statements. Page 9
Vineyard Church Dungannon Notes to the Financial Statements for the Year Ended 31 December 2024 l Accounting polities Statement of complianee The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Acr 2011. Basis of preparation Vineyard Church Dungannoii meets the definition of a public benefit entity under FRS 102. The ae¢ounts {financial statements} have been prepared under the historical cost convention with items recognised at cost or transaction value unles5 Otlienvise stated in the relevant note{s) to these accounts. Going concern The tSteeS consider that diere are no material uncertainties about the charity's ability to continue as a going concern. Income and endownjents Voluntary income including donations, gifts. legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income. it is probable that the income will be received and the amount can be measured with suifici¢nt reliability- Donations and legqcies Donations and legacies are re¢ogni5ed on a receivable basis when receipt is probable and the amount can be reliably measured. Grants receivable Grant5 are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where perforniance conditions are attached to the grant and are yet to be meL the income is recognised as a liability and included on the balan¢e sheet as defe]Ted income to be r¢leased. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount Can be measured reliably. All costs are allocated lo the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with Gentral staff costs allocated on the basis of time spent, and depre¢iation charge5 allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Page 10
Vineyard Church Dungannon Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) TaT#tion The charity is considered to pass the tests set out in Paragrdph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respeet of income or eapitsl gains received within categories covered by Chapter ) Part I I of the Corporation Tax A¢t 201 O or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £JOO.00 or more are initially recorded at cost. Depreciation and amortisation Depre¢ialion is provided on langible fixed assets so as to write off the ¢ost or valualion. less any estimated residual value, over their expected useful economic life as follows.. Asset class Fixtures and fittings Depreciation method and rate 25 /0 straight line Trade debtors Trade debtors are amounts due from customers for merchandise sold or services perfonned in the ordirkary course of business. Trade debtors are recognised initially at the transaction pric¢. They are subsequently measured at amortised cost Using the effective interest method, less provision for impaimient. A provision for the impairnient of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original ternis of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and ¢all deposits, and other short-temi highly liquid investments that are readily convertible to a knowi amount of cash and are subject to an insignifi¢anl risk of change in valu¢. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business froJn suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period. to defer settlement of the creditor for at least twelve monihs after the reporting date. If there is an unconditional right to defer settlernent for at least twelve months after the reporting date. they are presented a5 non-current liabilities. are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Page 11
Vineyard Church Dungannon Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) Borrowinus Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortis¢d cost, with the difference between the proceeds, net of transaction costs. and the amount due on demptiOn being recognised as a charge to the Ststement of Financial Activities over the period of the relevant borrowing. Interesi expense is recognised on the b&is of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as cUent liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Fund structure Unrestricted income funds are general fijnds that are available for use at the tnjstees discretion in furtherance of the objectives of tlie charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. 2 Income from donxtions and legacies Unrestricted funds General Restricted funds Total funds Donations and legacies.. Donations from individuals Legacies Gift aid reclaimed Grants, including capital grants- Grants from other agencies Regular giving and capital donations Total for 2024 956 1.620 14,920 26,792 1,620 14,920 43,500 43,500 76,605 76,605 94,101 163,427 Total for 2023 110,430 118,416 228,846 Page 12
Vineyard Church Dungannon Notes to the Financial Statements for the Year Ended 31 December 2024 (continued} 3 Other expenditure Unrestricted funds General Restricted funds Tot21 funds Note Staff costs Wages and salaries Pension costs Independent examiner fees Examination of the financial stalements Other resources expended Total for 2024 17,291 509 17.291 509 834 67,173 834 120,5)8 53,i65 85.807 139,172 Total for 2023 10?,787 191,119 4 Trustees remuneration gnd expenses During the year the charity made the following transaaions with trustees.. MrJason Seott Mr Jason Scott received remuneration of £Nil {202)- £?9.960) during the year. No trustees have received any reimbursed expenses or any other benefits from the eharity during the year. 5 Staff costs The aggregate p&yroll costs were as follows= 2024 2023 Staff costs during the year were: Wages and salaries Pension costs 17,291 509 35,049 1.008 17,800 36.057 No employee received emoluments of more than £60.000 diiring the year 6 Independent examiner's remuneratio 2024 2023 Examination of the financikl Statements 834 846 Page 13
Vineyard Church Dungannon Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 7 Taxation The charity is a registered charity and is therefore exempt from taxation. 8 Tangible fixed assets Furniture and equipment Total Cost At l January 2024 Additions 6,086 1,569 6.086 1,569 At 31 December 2024 7,655 7,655 Depreciation At l January 2024 6,086 6.086 At 31 December 2024 6,086 6,086 Net book vglue At 31 December 2024 1,569 1,569 At 31 December 202J 9 Debtors 2024 2023 Other debtors 6,122 15.429 10 Cash and cash equivxlents 2024 2023 Cash at bank 229,214 200,648 Page 14
Vineyard Church Dungannon Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) I I Creditors: amounts falling due Ivithin one year 2024 2023 Trade creditors Other taxation and so¢ial security Other creditors Accruals 1,920 273 (8) 834 1.209 4,646 12 Funds Balance at 31 Deeember 2024 Balane¢ at I January 2024 Incoming resources Resourees expended Transfers Unrestrieted funds General 79,533 94,101 {85,807) 95.226 Restricted funds 131.898 {53,365) {7,399) 140,470 Total funds 211.431 163.4J7 (139,172) 235,696 Balance at 31 December 2023 Balance At I January 2023 Incoming resources Resources expended Unrestricted funds General 71.890 110,4iO (102.787) Restricted funds 101,814 118.416 (88,332) 131,898 Tot41 funds 173,704 228,846 (191.119) 211.431 Page 15
Vineyard Church Dungannon Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 13 Analysis of net assets between funds Unrestricted funds General Total funds at 31 December 2024 Tangible fixed assets Current assets Current liabilities 1,569 235,3)6 (1,209) 1,569 2J5,)J6 (1,209) Total net assets 2)5,696 235,696 Unrestricted funds General Total funds At 31 December 2023 Current assets Curyent liabilities 216,077 (4,646) 216,077 (4,646) Total net assets 211,4il 211,4Jl 14 Analysis of net funds At31 December At l January 2024 Financing ea5h flows 2024 Cash at bank and in hand 200,648 28,566 ?29,214 Net debt 200,648 28,566 229,214 Page 16